Smartworks Raises Rs.1.68 Bn Funding Led by Keppel for Expansion

04 Jul 2024 CW Team

Smartworks, a leading provider of flexible office spaces, has successfully raised ?168 crore in a funding round led by Keppel Corporation. This investment is aimed at accelerating Smartworks' expansion plans across India and enhancing its portfolio of smart and scalable workspace solutions.

The funding round, which also saw participation from existing investors, underscores confidence in Smartworks' business model and growth trajectory amidst the evolving workspace dynamics post-pandemic. Smartworks is known for its innovative approach to coworking spaces, offering tailored solutions that cater to the diverse needs of businesses and professionals.

The fresh capital infusion will be utilised to bolster Smartworks' presence in key markets, including Tier-II cities, and to enhance its technological capabilities. This includes integrating smart technologies and sustainable practices within its workspace offerings, aligning with global trends towards flexible and efficient work environments.

Smartworks' expansion comes at a time when the demand for flexible office spaces is on the rise, driven by a shift towards hybrid work models and increased focus on employee well-being and productivity. The company aims to leverage this funding to further strengthen its market position and meet the growing demand for flexible workspace solutions in India.

Overall, the funding led by Keppel Corporation represents a significant milestone for Smartworks as it continues to innovate and expand its footprint in India's dynamic commercial real estate sector.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..